First Data Announces New $6 Billion Credit Facility

October 26, 2018 02:21 PM Eastern Daylight Time

NEW YORK--(BUSINESS WIRE)--First
Data (NYSE: FDC) today entered into a new $6 billion credit facility
bearing a rate of Libor plus 150 basis points and maturing in October
2023. The new facility is comprised of a new revolving credit facility
of $1.25 billion and new Term Loan A facility of $4.75 billion. The
proceeds were partly used to refinance its existing revolving credit
facility maturing June 2020 and its existing term loans due June 2020.
The remainder of the facility will be drawn later to refinance other
existing indebtedness. The Company anticipates estimated interest cost
savings resulting from these actions to be approximately $90 million in
2019.

About First Data

First Data (NYSE: FDC) is a global leader in commerce-enabling
technology and solutions, serving approximately six million business
locations and 4,000 financial institutions in more than 100 countries
around the world. The Company’s 22,000 owner-associates are dedicated to
helping companies, from start-ups to the world’s largest corporations,
conduct commerce every day by securing and processing more than 3,000
transactions per second and $2.4 trillion per year. For more
information, visit www.firstdata.com and
follow us on Twitter at @FirstData.

Forward-Looking Statements

This press release includes certain disclosures which contain
“forward-looking statements.” You can identify forward-looking
statements because they contain words such as “intends”, “believes” and
“expects.” Forward-looking statements are based on First Data’s current
expectations and assumptions. Because forward-looking statements relate
to the future, they are subject to inherent uncertainties, risks and
changes in circumstances that may differ materially from those
contemplated by the forward-looking statements, which are neither
statements of historical fact nor guarantees or assurances of future
performance. Important factors that could cause actual results to differ
materially from those in the forward-looking statements are set forth in
our filings with the U.S. Securities and Exchange Commission, including
our annual report on Form 10-K for the year ended December 31, 2017,
under the caption “Risk Factors.”